Quote from: Fivestar4everMVP on Today at 07:32:40 AM

Quote from: Beparanf on August 04, 2023, 01:08:19 PM

Quote from: avp2306 on August 04, 2023, 09:21:43 AM

Always do proper decision upon holding since not every coin is good to hold since we also need to look up on how they perform for the past few months. If they are not showing any good result for long time then provably the investors or supporters are already done with it and the project is just waiting for new investors to come since they are not gaining to much attraction to its old holders. I guess for long term holding better choose reputable alts since its so risky to choose low volume tokens or coins since most of them flop and its so rare to see some of them pump a thousand folds.

In most shitcoin cases you are right. I’m not a fan of Betfury tokens anymore but I would say that they are better than most of the shitcoins because the6 have a working product that geenrates an actual income regularly from their players while pther shitcoin project is just pure development of their product for a long time without an actual product produce that will give benefits to the company.

Here on Betfury, You can guarantee already that they will not gonna disappear slowly since the outcome is visible to the investors. Holding or accumulating this token slowly might have a a good chanc of return compared to typical shitcoins that only have a whitepaper.

Success of some altcoins don't entirely depend on the whether the company that built the token is generating money or not, it still very much depends on the type of community the project manages to build, and also another important factor is in the area of use-case, aside buying and selling the tokens, what other interesting things can investors decide to do with their token if they wanna spend it, but don't wanna sell it? this is how most tokens gain good value in the market, it doesn't entirely depend on whether the company is generating income or not, for all i care, a company can be generating income and that income being generated wont have any positive effect on the tokens performance in the open market, this simply means the managers of the company are just enriching themselves, and careless about the performance of the token in the market.

It still matter on their money generated on their platform since for that they have a lot of money to use to create more use case of their token, also maybe they can use that for multiple marketing together with big exchange listing. Those factors are important to hype their followers and if they don't have enough money to support their project and let the staking feature only the use case maybe investors will get bored and leave the thoughts of acquiring this.